Cryptocurrency
The UAE just opened a fully functional government office in the metaverse
The Ministry of Economy of the United Arab Emirates (UAE) has declared the addition of another address in a virtual universe towards its drive into the Metaverse. The third office of the government agency will offer an immersive experience for…
China busts massive $5.6B cryptocurrency gambling ring, arrests 93
Recently, authorities in China’s Hunan Province busted a criminal group using cryptocurrency to launder $5.6 billion as part of a larger illegal gambling operation. The country has a long-standing ban on all forms of gambling, except in its special administrative…
Brazilian cryptocurrency exchanges investigated for possible money laundering
With the support of the Brazilian tax authority and the Federal Police of Brazil on September 22, the Brazilian Federal Police have launched Operation Colossus’ final stage. This investigation has more than four years of historical background. The authorities have…
YouTube cryptocurrency scam streams on the rise in 2022
In the first half of 2022, the number of domains used for cryptocurrency scams has increased by fivefold. Group-IB, an online security company based in Singapore, reported that the number of domains used to welcome YouTube scammers has increased fivefold…
The Ethereum Merge is now complete as the blockchain moves to proof-of-stake
After a long wait, the Ethereum Merge was completed on Thursday morning. It took place at the Terminal Total Difficulty of 58750000000000000000000, finally moving the network from a proof-of-work (PoW) to a proof-of-stake (PoS) mechanism. Naturally, the community was thrilled…
Brazil’s securities regulator pushing for changes to cryptocurrency bill
The Brazilian Securities and Exchange Commission (CVM, for its Portuguese acronym) is pressing for changes to the cryptocurrency bill. This will clarify how virtual assets in Brazil will be treated. This new directive is a departure from the previous administration…
Survey shows 76% of global banks are considering embracing cryptocurrencies
The cryptocurrency market is maturing, although perhaps not as fast as some would like. Still, the adoption rate of cryptocurrency is increasing. Global financial institutions are using crypto to increase their access to financial services and speed up transactions. They…
Regulated cryptocurrency in Brazil is gaining ground
Several countries are forging a path to legitimize cryptocurrencies. Brazil is one, but its direction is more circuitous. The latest information on tax filings includes a record number of crypto statements, an indication that the path toward regulation is becoming…
